• AUCTION BEGINS AT 5 P.M. CENTRAL • Immediate Possession Available! • 6 1/2 miles east of Rensselaer, IN • 8 miles southwest of Francesville, IN
100 +/- Acres - Productive Tillable Farmland, Elijah Trust
Rensselaer, IN - Jasper County
Owner: Virgil Elijah Trust Thu, Mar 28, 2013 EASTERNAUCTION IS OVER
TOTAL SOLD: $985,000
| Tract(s): 1 | @ $985,000 | ($9,730/acre) |
OPEN HOUSE/INSPECTION DATES
Tuesday, March 19 from 3 p.m. - 5 p.m. CENTRAL
PROPERTY LOCATION
From Rensselaer go east on State Road 114 approximately 6 3/4 miles to CR 230 E., turn north (left), go 1 mile to property on left side of road. OR From Francesville go south on US 421 for 3 1/2 miles to State Road 114. Go west on State Road 114 approximately 5 3/4 miles to CR 230 E., turn north (right), go 1 mile to property on left side of road.
AUCTION LOCATION
Knights of Columbus, 325 E. Vine St. Rensselaer, IN. From downtown Rensselaer at the Jasper County Courthouse head northeast for 2 blocks on US 231 (Washington St.). Turn left on US 231 (N. McKinley Ave.) and go .4 miles to E. Vine St. (E. Vine St. is the first street south of railroad tracks). Turn east (right) on E. Vine St. and go 1 block to auction site.
PROPERTY DESCRIPTION
An excellent opportunity to purchase a 100 acre tract of land in Jasper County, Indiana which offers quality soils and is nearly all tillable. This property fronts on CR 230 E. which allows easy access to State Road 114. A ditch crossing is needed for accessing the approximate 3 acre field in the southwest corner of farm. Any ditch crossing will be the responsibility of the buyer.
Real Estate Taxes: 2011 pay 2012 $1,542.60*
Conservancy Assessment $151.36
*Includes tax on 60 +/- acres not included in sale
Per Jasper County Drainage Board Secretary there will be a 2013 ditch assessment for the Ryan Lower End in the amount of $0.27725 per acre.
AREA MAP
SOIL INFORMATION
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered as a total 100 +/- acre unit.
DOWN PAYMENT: 10% down payment on the day of auction. The down payment may be made in the form of a cashiers check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
ACCEPTANCE OF BID PRICE: The successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. The final bid price is subject to the Sellers acceptance or rejection.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide Trustee Deed.
CLOSING: The balance of the purchase price is due at closing, which will take place 15 days after presentation of marketable title or approximately April 30, 2013. Closing cost for an administered closing shall be shared 50:50 between Buyer and Seller.
POSSESSION: Possession is at closing or immediate possession with an additional 10% down payment.
REAL ESTATE TAXES: Buyer shall assume the 2013 real estate taxes due in 2014. Buyer shall assume any conservancy and ditch assessments due in 2013 and thereafter.
ACREAGE: All acreages, dimensions and proposed boundaries are approximate and have been estimated based on current legal description and/or aerial photos.
EASEMENTS: Sale of the property is subject to any and all easements of record.
MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller, if any.
SURVEY: The property will be conveyed using existing legal descriptions. The buyer will not be entitled to a new survey unless needed to convey good title. If survey is ordered, costs will be split 50:50.
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. An inspection date has been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed and invitee of the property by virtue of the offering of the property for sale.
AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusive agents of the seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
